The Pillar Team - Finance has the following 2012 missions: 1) increase access to angel capital funding and produce an entrepreneur reality TV show; 2) improve clarity of exchange control regulations and increase access to microfinancing; and 3) create a legal, financial, and administrative framework to support a venture capital network. Measures of success include increasing the number of active angels by 400%, educating entrepreneurs on business lifecycles and financing, streamlining exchange control approvals, and establishing frameworks for microfinancing and venture capital. The team has various tasks over 12-24 months to accomplish these goals working with partners.

2. Pillar Team - Finance
• 2012 Mission
– Increase access to Angel capital funding.
– Entrepreneur reality TV show.
• Measures of Success
– Increase the number of Angels active in the network
by 400%.
– Entrepreneurs will be better educated regarding the
life cycle of a business and its impact on the
accessing financing.

3. Pillar Team - Finance
• 2012 Mission
– Improve clarity and consistency regarding exchange
control regulations.
– Increase access to micro financing to support seed and
start up ventures.
• Measures of Success
– The Central Bank of Barbados will establish a comply or
explain framework for exchange control approvals.
– Framework will be created for electronic submission of
exchange control application and approvals will be
reduced from 9 days to 5 days.
– Create an institutional framework to support micro
finance.

4. Pillar Team - Finance
• 2012 Mission
– Create a clear legal, financial and administrative
framework to support a Venture Capital Network.
• Measures of Success
– Policy paper, business case and drafting instructions
completed.

5. Pillar Team - Finance
Tasks Time Resource
Monthly meetings with potential Angel 12 Months Pillar
investors.
Develop ACN web portal to manage deal flow 12 Months Pillar
between Entrepreneurs and Angels.
Support Blue Waters Productions to identify 12 Months Pillar in association with
shepherds and Angels for TV production. Mentorship Pillar
Develop comply or explain framework over 12-24 Pillar, TBBA, Central Bank of
exchange controls policy. Months Barbados & other
professional organization
Acceptance of electronic exchange control 12 - 18 Pillar, TBBA, Central Bank of
approvals. Months Barbados & other
professional organization
Specific guidelines on remittance of dividends 12 - 18 Pillar, TBBA, Central Bank of

6. Pillar Team - Finance
Tasks Time Resource
Establish micro finance operational framework. 12 Months Pillar
Operational framework for Credit Bureau. 12 Months TBBA
Educational program for staff of financial 12 Months Pillar, TBBA & Central Bank of
institutions about Central Bank of Barbados Barbados
credit and export support mechanism .
Develop detailed finance legal and 12 Months Pillar, TBBA, & Professional
administrative framework for Venture Capital Associations
Network.
Business and financing life cycle education for 12 Months Pillar, TBBA, & Professional
Entrepreneurs. Associations